Irish property: The boom that shows no signs of slowing
In our final note of 2022, we can sum up each of the weekly, monthly and quarterly house price reports of the last 12 months by confirming that average property prices across Ireland have increased 130 percent over the past decade. Earlier this week the Financial Times published a piece about the Irish property market…
Read MorePositive News for Home Builders
It looks like there might be some good news to kick off the new year for first-time buyers and for home builders as maximum property price ceilings under the First Home Scheme are set to increase. As most here will be aware, the First Home Scheme was launched earlier this year and it is one…
Read More2022 policies did not fix housing and 2023 is not looking much better
As the year rounds to a close, 2022 has been confirmed by JLL as one of the most active on record for investment across Ireland’s commercial market, however, a six-month period of ‘wait and see’ has been forecast for 2023. 30 percent of all investment related to the PRS, which had its third largest year on record,…
Read MoreImportant legislative changes impacting short-term lettings
It has been a busy week of news for the rental market, with the latest housing market monitor from Banking & Payments Federation Ireland (BPFI) showing that average rent in Ireland has increased by 82 percent since 2010. This is multiples greater than the EU average increase over this period of 18 percent. In fact,…
Read More‘Quarter of small landlords likely to sell properties in next five years’
Something can be shocking without being surprising, as was the case with the following headline, which appeared in the Irish Independent earlier this week: ‘Quarter of small landlords likely to sell properties in next five years’. This report relates to the preliminary results of new research by the Residential Tenancies Board, or RTB, which found that 25%…
Read More“If the BTR system is to go, policymakers must have a clear plan on how tens of thousands of new rental homes will be delivered…”
Earlier this week, Bloomberg reported that Ireland rents had “surged” as much as 24 percent, making it the fastest gain on record. Behind that bold headline is an average year-on-year rent increase of 14 percent in Q3. Despite the somewhat misleading headline, there were two very important points to emphasise from that global news piece; firstly, all…
Read MoreResidential investment activity in the year to date
Hooke & MacDonald published its Residential Investment Bulletin for the Greater Dublin Area (Q1-Q3) this week and it offers a super overview of activity in the Dublin marketplace so far this year. This is timely given the changing economic outlook for Ireland, a stark few weeks for our tech multinationals, and the contradictory media commentary and speculation…
Read MoreInvestment trend in Dublin, not yet seen nationwide
Big tech changes for Ireland this week. The job losses are unprecedented in this decade, but what is this likely to mean for the Silicon Docks and other tech clusters around the country? The future of the office and how businesses use space was already unclear, now we have to consider the likely impact of…
Read MoreHousing Numbers: And why they matter
Earlier this week the government published its first annual Housing for All update. The accompanying headline announced that the plan was “on track” to exceed the 2022 target for new homes delivery. So, why is this important? The objective of this initiative is: ‘Everyone in the State should have access to a home to purchase or rent at…
Read MoreJoin the dots to see new investment opportunities
Earlier this week Goodbody Stockbrokers published its latest housing supply tracker, which showed a continuing fall-off in commencements (particularly for apartment blocks). Essentially, completion figures are holding up but this is a short-term metric; the commencement figures are telling us that housing delivery targets for 2023 are in trouble. And speaking of delivery targets, Ronan…
Read More